House debates

Wednesday, 9 February 2022

Questions without Notice

Economy

2:50 pm

Photo of Josh FrydenbergJosh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

a 15-point increase in business confidence, a 15-point increase into positive territory, with the chief economist pointing to the expectation of a strong economic recovery. Our focus since coming to government has been on jobs. Despite the biggest economic shock since the Great Depression, today we have an unemployment rate of 4.2 per cent, a 13-year low that is on track to a 50-year low. We have 1.7 million more Australians in work today than when we came into government, one million more women in work today than when we came into government and a record number of Australians in a trade apprenticeship. That's a clear contrast from those opposite, with one in eight manufacturing jobs lost under the Labor Party and one million fewer women in work. We will continue to invest in skills, we will continue to invest in infrastructure, we will continue to invest in tax cuts, we will continue to invest in the digital economy and we will continue to invest in our sovereign manufacturing capability to create more jobs. But we can't take this economic recovery for granted. The biggest risk to the economic recovery is the Leader of the Opposition, the leader of the Labor Party, somebody who has never held a Treasury portfolio, somebody who attacks tax cuts for families as being for the top end of town and a leader of the Labor Party too weak to stand up to the unions and the Greens.

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